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Nov 5 2017

What does private medical insurance cost? #cars #insurance

#private medical insurance

What does private medical insurance cost?

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It’s impossible to provide a single answer to the cost of private medical insurance, as prices will vary according to a wide range of factors, including your personal details, your choice of cover level and even where you live.

Personal details

The cost of your private medical insurance will very much depend on your personal circumstances, and will take into account factors such as:

  • your age the same policy with The AA costs 26 per month at age 30 and 62 per month at age 60, an increase of 138%.
  • smoking the same basic policy with Simply Health costs 15 per month for a non-smoker and 19.50 per month for a smoker, an increase of 30%.
  • your weight being very overweight or clinically obese increases the risk of a range of medical conditions so premiums are higher.
  • your postcode some areas, such as industrial cities in the north, have higher health risks.
  • your lifestyle inactivity, alcohol intake and other lifestyle factors pose serious risks to your health.
  • your previous medical history.
  • your family’s medical history.

All of these factors will affect the level of risk that the provider is exposed to; that is how likely they are to have to pay out. To complicate things further, different insurers will place different weightings on each of these factors.

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Cover options for private medical insurance

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